JNJ Investors Fly Blind on FX Guidance

Johnson & Johnson (JNJ) which deservedly has an excellent reputation with investors adjusted 2010 guidance citing foreign exchange fluctuations.

JNJ is a huge global company operating in hundreds of jurisdictions around the world. For investors to follow the foreign exchange driven earnings guidance it would be better if JNJ actually explained what the adjustments actually were.

JNJ reports geographical market share, product groupings and we can get information on margins and pricing. But this time FX moved the guidance not the traditional business inputs. Global companies need to be understood in global terms. That means foreign exchange. Right now JNJ investors are flying blind.


Disclosure: No position in this stock